Online vacation rental giant HomeAway this morning announced that it is expanding its global footprint and moving into South America with the acquisition of the publisher of AlugueTemporada.com.br, Brazil’s leading vacation rental site. The terms of the deal remain undisclosed.
With its acquisition of what HomeAway claims is the largest vacation rental website in South America with over 12,000 property listings, the company is for the first time extending its virtual borders beyond North America and Europe and increasing its total vacation rental listings to a respectable 475,000 properties.
AlugueTemporada.com.br will continue to operate as an independent brand from its office in Rio de Janeiro, the city that will – conveniently – be hosting both the 2014 FIFA World Cup and 2016 Summer Olympics.
Seems like HomeAway is on a bit of a buying spree more than two years after it raised a whopping $250 million in a single financing round – just last week it announced that it had purchased BedAndBreakfast.com for an equally undisclosed sum.
HomeAway also operates HomeAway.com, VRBO.com, BedAndBreakfast.com and VacationRentals.com in the US and multiple vacation rental sites in France, the UK, Germany, Spain, Italy, Portugal, Netherlands, Norway, Sweden, Denmark and Finland.
Expect more small acquisitions from HomeAway in the months to come.